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Republic Services Has A ‘Wide Pipeline Of Accretive Tuck-In Opportunities,’ Says Bullish Analyst

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Shares of Republic Services Inc (NYSE:RSG) were climbing in early trading on Thursday.

The stock is trading at a discount of around 10% to its direct Solid Waste peers, while the company’s growing Environmental Services platform has the potential for margin expansion, according to Truist Securities.

The Republic Services Analyst: Tobey Sommer upgraded the rating Republic Services for from Hold to Buy, while raising the price target from $192 to $220.

The Republic Services Thesis: While the company‚Äôs Environmental Services segment offers pricing-led growth, there are opportunities for accretive mergers and acquisitions …

Full story available on Benzinga.com

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